BOI, Rakna Property Holdings sign agreement for mixed development project

On Jul 25, 2021

Chairman BOI Sanjaya Mohottala and Director-General BOI Pasan Wanigasekara, presenting the ‘Certificate of Registration’ to Rakna Property Holdings Board Director Major General (Retd) Jagath Alwis representing the company’s Chairman Major (Retd.) Dulath L. Wijetilleke.

The Board of Investment (BOI) of Sri Lanka recently agreed with Rakna Property Holdings Ltd., a subsidiary of Rakna Arakshaka Lanka Limited, for a mixed development project.

The project will commence with an initial investment of US$ 33.8 million and will be located in Colombo 04. It will be housing a 20-story office complex with high-tech and energy-efficient rentable open spaces, complete with adequate parking facilities, executive luxury suites, a conference hall, a hi-end rooftop restaurant and other amenities.